(Commission File No. 1-14862 )
Indicate by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes ______ No ___X___
BRASKEM S.A. (the Company) hereby informs the market that at a meeting held on March 3, 2010, its Board of Directors approved the Companys capital increase, for private subscription, within the limit of its authorized capital. Assuming that the capital increase is fully subscribed, Braskems share capital will be increased by R$4,500,000,000.00, through the issuance of 250,000,000 new common shares, and 62,500,000 new class A preferred shares, for the issue price of R$14.40 per common or preferred share (the Capital Increase). The subscription period in the Capital Increase commenced on March 4, 2010 and will expire on April 5, 2010.
The purpose of the Capital Increase is to:
IMPORTANT NOTICE:
This notice does not constitute an offer to sell, or the solicitation of an offer to buy or subscribe for, the new common shares and class A preferred shares of Braskem (the New Shares). No offer to sell or sale of the New Shares shall be made in any jurisdiction in which such offer or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
None of the rights or the New Shares have been, nor will they be, registered under the U.S. Securities Act of 1933 (the Securities Act) or any state securities laws, and unless so registered may not be offered or sold within the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and the applicable state securities laws. As a result, the Depositary for our American Depositary Shares (ADSs) will not distribute to the holders of our ADSs rights for the subscription of the New Shares corresponding to our preferred shares represented by our ADSs, and the holders of our ADSs will not be permitted to subscribe for New Shares or ADSs in the Capital Increase.
FORWARD-LOOKING STATEMENTS
This notice may contain forward-looking statements. These statements are statements that are not historical facts, and are based on managements current view and estimates of future economic circumstances, industry conditions, company performance and financial results. The words "anticipates", "believes", "estimates", "expects", "plans" and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will actually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Date: March 04, 2010
BRASKEM S.A. | |||
By: | /s/ Carlos José Fadigas de Souza Filho | ||
Name: | Carlos José Fadigas de Souza Filho | ||
Title: | Chief Financial Officer |
This press release may contain forward-looking statements. These statements are statements that are not historical facts, and are based on management's current view and estimates offuture economic circumstances, industry conditions, company performance and financial results. The words "anticipates", "believes", "estimates", "expects", "plans" and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will actually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.